A recent TD Bank study found that only 50 per cent of Canadians remain at the same address for more than five years; some 20 per cent of homeowners have owned more than five homes; and 23 per cent plan to move again within six years

Unlike our U.S. neighbours who have much higher mortgage indebtedness, the average Canadian family with a mortgage has attained approximately 50 per cent equity value in their home. This fact encourages many of us, when refinancing, to add tens of thousands of dollars to our renewal mortgage — for renovations, a new vehicle, to pay off debts, or for travel.